3 August 2020
PMI for July signals improvement in manufacturing sector
Absa’s PMI for July declined to 51.2 index points from 53.9 points in June, but continued to signal a month-on-month improvement in the manufacturing sector.
CDC Group, the UK’s development finance institution and impact investor, has today announced an additional US$75 million commitment to its existing trade finance facility with Absa Bank. The investment will provide systemic liquidity across CDC’s African markets and enable local banks to sustain the availability of trade finance, supporting supply chains during the COVID-19 crisis.
Following discussions with the Central Bank of Kenya, we have worked through their concerns and are pleased to inform our customers and stakeholders that, effective Thursday, 16 April 2020, Absa Bank Kenya PLC (Absa Kenya) resumed its foreign exchange operations as an authorized dealer.
WorkInProgress (WIP), an Absa innovation lab, will be hosting a webinar series featuring real-life successes and lockdown challenges of South African small and medium enterprises.
22 June 2020
Group scales up COVID-19 community support across SA
Absa has stepped up contributions towards COVID-19 community support, by committing an additional R18.8 million to South African relief efforts.
Absa Capital Markets Nigeria Limited (“Absa”), acting as joint lead issuing house, has successfully completed Dangote Cement PLC’s (“Dangote Cement”) debut Series 1 bond offering, allocating NGN 100 billion in 5-year fixed-rate senior unsecured bonds under its NGN 300 billion issuance programme.
Absa Group, one of Africa’s largest financial services providers, is celebrating substantial completion of its separation programme from Barclays PLC, three years after the start.
Absa and the Premier Soccer League (PSL) will be ending their sponsorship relationship of the Absa Premiership when the sponsorship contract expires at the end of the current season.